Crypto Indicators, the most efficient tools in predicting the future price of crypto asset by abu78

hive-167922 · @abu78 · Sep 11 '23 (edited)

$6.65

Crypto Indicators, the most efficient tools in predicting the future price of crypto asset

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Greetings all and sundry, I am very excited to write and share this article here in this community. It's been a while since I wrote to this community due to how busy my schedule was during the exams period in school. For now, since I am done with examinations, I will try to continue the flow of posts as I used to write here previously. Without much ado, I would like to delve into today's topic, and I will be talking about **Crypto [Trading](https://leofinance.io/@leoglossary/leoglossary-trade "trade") Indicators.**  
 
![](https://images.ecency.com/DQmYq5bXPokJ258Gzf3AfnacG4G3Vmn5rpY4U4eqUfQtkxL/image.png) <center>What is a Crypto Trading Indicator?</center> 
![](https://images.ecency.com/DQmYq5bXPokJ258Gzf3AfnacG4G3Vmn5rpY4U4eqUfQtkxL/image.png)

Crypto traders or investors try to determine the direction of the long and short-term price of an asset through the use of various technical indicators or tools. These indicators help them to predict the future price of an asset, including the [volume](https://leofinance.io/@leoglossary/leoglossary-volume "volume") of the price of the asset. We all know that traders or [investors](https://leofinance.io/@leoglossary/leoglossary-investor "investors") always buy or sell assets in order to make a [profit](https://leofinance.io/@leoglossary/leoglossary-profit "profit") and for that matter, they try with all means to get an accurate signal in executing such e entry. Mostly, investors follow fundamental or technical analysis in determining these entry points for the best trade entry or exit. In this article, we will briefly look into technical analysis and later, we can look at fundamental analysis in our next article.  

 ![](https://images.ecency.com/DQmV5TiTeBHMYaSENiKGNGiKftjJnUgVh7FzviphjrRdGuk/image.png) 
<center><sub>[Image Source](https://bikotrading.com/indicators-of-technical-analysis-what-are-they-and-how-to-use-indicators-to-predict-the-movement-of-cryptocurrency)</sub></center>
So to define crypto indicator refers to a measurement tool that investors use in the determination of price expectations of [crypto assets](https://leofinance.io/@leoglossary/cryptocurrency "cryptocurrency"). It helps traders determine the behavior of a crypto asset's price. There are several or various crypto indicators used by traders. Let's briefly look at some of the common ones in this article. ![](https://images.ecency.com/DQmYq5bXPokJ258Gzf3AfnacG4G3Vmn5rpY4U4eqUfQtkxL/image.png) <center>What is Relative Strenght Index (RSI)?</center> ![](https://images.ecency.com/DQmYq5bXPokJ258Gzf3AfnacG4G3Vmn5rpY4U4eqUfQtkxL/image.png)This crypto indicator was invented by J. Welles Wilder in 1978. RSI is commonly and widely used in the crypto world. It helps traders to identify potential points of reversal in the current price pattern of an asset and also to identify the strength of the price movement of an [asset](https://leofinance.io/@leoglossary/leoglossary-asset "asset").  This is used in calculating the losses and gains of a crypto asset over a certain period of time and it is simple and easy to use. As such, beginners can also use this tool without much difficulty or challenge. ![](https://images.ecency.com/DQmWMwhcbjfQds3HC7rt1Ds986qqotihtq23zmMPxvmvqaH/image.png)<center><sub>[Image Source](https://tradesanta.com/blog/rsi-explained)</sub></center>Also, RSI helps traders or investors to identify when there is overvalue or undervalue in the market [price](https://leofinance.io/@leoglossary/leoglossary-price "price") of an asset. This assists traders to know when to enter and not to enter the market. It is not an accurate or a perfect tool to depend on and as such it should be used with other indicators so as to predict not 100% accuracy but something near accuracy to perfection. Let's look at another indicator in this post but for the betterment and understanding of each of the indicators, I would be writing more details about the various individual indicators so as to help users understand their use very well. ![](https://images.ecency.com/DQmYq5bXPokJ258Gzf3AfnacG4G3Vmn5rpY4U4eqUfQtkxL/image.png)<center>What is MACD indicator?</center>![](https://images.ecency.com/DQmYq5bXPokJ258Gzf3AfnacG4G3Vmn5rpY4U4eqUfQtkxL/image.png) This indicator was also developed or coined in 1970 by Gerald Appel. MACD is an acronym for Moving Average Convergence and Divergence Indicators. It can be used with the RSI indicator to predict or provide accurate results. MACD helps traders identify bearish divergence and bullish divergence in the crypto market. Just like the RSI, it can also be used by traders or investors to determine if the market is overvalued or undervalued. ![](https://images.ecency.com/DQmWbeDdheUXdyXBPchP7ZvVhdSLfhG7LMGY6WBX3Jcu8Eq/image.png)<center><sub>[Image Source](https://tradesanta.com/blog/macd-indicator-for-crypto-trading)</sub></center> ![](https://images.ecency.com/DQmYq5bXPokJ258Gzf3AfnacG4G3Vmn5rpY4U4eqUfQtkxL/image.png)
<center>Conclusion</center> ![](https://images.ecency.com/DQmYq5bXPokJ258Gzf3AfnacG4G3Vmn5rpY4U4eqUfQtkxL/image.png) Crypto [Indicators](https://leofinance.io/@leoglossary/leoglossary-indicators-technical "indicators") are used by traders to identify price fluctuations in the crypto market, this help them identify the positions to enter or exit market in order to earn profits. There are numerous indicators as I said earlier and you as a trader or investor must learn and know which one you are best in use at or your favorite indicator which you think works best for you and get yourself acclimatized to. I would be describing more of these indicators in my subsequent posts and I would urge you to follow up to learn more about them. 
 ![](https://images.ecency.com/DQmRDwHRrwvjc7aq2KeW6ocwzqcHs4JzfWbNCCqcFNPpVcY/abu_hive_.png)
 
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vote details (109)

voter	rshares	pct
kevinwong	17,912,582,729	2.5%
neoxian	4,282,224,329,796	20.11%
jeffjagoe	2,615,346,248	0.3%
scaredycatguide	7,165,316,126	5%
uwelang	1,551,221,485	4%
pouchon	461,228,414,515	10%
l337m45732	1,677,184,257	4.02%
bitrocker2020	67,683,449,540	5%
swelker101	531,862,622	2.5%
arrliinn	2,929,056,431	2%
ew-and-patterns	539,451,263	10%
joeyarnoldvn	478,098,187	1.47%
eturnerx	15,763,304,318	0.8%
akomoajong	609,204,578	20.11%
pixelfan	60,158,963,965	6.3%
oneray	54,945,602,534	50%
niallon11	45,557,607,673	2%
roleerob	24,282,965,935	5%
thetimetravelerz	3,266,654,587	5%
globetrottergcc	1,377,305,385	10%
senorcoconut	1,379,648,089	2.5%
vintherinvest	609,923,176	5%
joedukeg	1,312,502,959	25%
abmakko	1,340,492,620	10.05%
jlordc	890,147,554	20.11%
cryptictruth	26,056,489,775	5%
muratkbesiroglu	76,741,786,500	10%
silwanyx	1,184,961,112	10%
tsurmb	3,421,548,039	5%
getron	1,100,196,452	10%
xawi	14,834,554,291	20.11%
break-out-trader	3,018,625,859	10%
meher04	1,044,476,973	20.11%
ajongcrypto	579,439,486	20.11%
shortsegments	639,011,506	0.5%
gallerani	608,844,408	10%
ireenchew	4,376,883,593	7%
raiseup	47,073,432,365	10%
dlike	31,126,101,507	10%
steemaction	69,736,507,152	10%
sanjeev021	5,713,681,425	2.01%
anasimziana	721,522,908	10%
aiuna	659,044,670	5%
mysteriousroad	2,248,863,170	100%
anonsteve	1,725,680,248	10%
flyingbolt	748,715,432	10%
apokruphos	14,606,001,369	2%
jlordz	478,366,291	20.11%
thelogicaldude	6,314,910,424	5%
edian	2,727,938,092	10%
megavest	15,586,129,480	10%
travelwritemoney	3,935,199,669	10%
mukund123	566,937,864	5%
leo.voter	10,722,171,004,306	10%
akomoajong1	654,513,887	20.11%
bala-leo	0	10%
babytarazkp	3,827,842,321	40%
agro-dron	1,962,336,136	10%
pouchon.tribes	4,816,291,056	7.5%
marriakjozhegp	812,175,294	20.11%
emeka4	1,246,278,024	10%
sharkthelion	2,482,390,690	25%
x9ed1732b	3,549,741,416	9%
rmsadkri	15,230,455,572	8%
balvinder294	3,991,614,847	2%
brofund-ag	705,839,266	20.11%
officialhisha	804,430,371	2.5%
reonarudo	684,001,910	5%
leoschein	5,154,446,948	5%
leo.tokens	2,079,596,879	10%
rondonshneezy	687,301,533	5%
ctpx	976,091,000	20%
memesupport	608,575,126	20.11%
magnacarta	503,647,598	2.5%
steentijd	2,700,464,981	5%
magic.ctp	0	100%
banzafahra	648,790,752	5%
scrubs24	2,303,978,857	7.5%
trasto	39,304,128,251	5%
jude9	1,716,409,858	5%
dia-monds	16,621,898,837	100%
waivio.curator	1,842,742,251	3.43%
dagger88	14,950,581,551	75%
listnerds	32,172,649,426	20%
india-leo	564,411,796	10%
saboin.leo	41,558,056	14%
stekene	13,595,120,124	100%
grabapack	1,731,085,415	5%
venarisyndicate	4,516,949,620	5%
khaltok	884,498,465	10%
dragonmk47	2,147,837,894	2.01%
hurtlocker	631,838,344,559	100%
plicc8	909,482,759	10%
inibless	487,153,069	5%
ctptips	1,646,738,944	15%
micheal87	1,236,203,866	10%
zzzinnn	7,631,810,958	100%
leo.tasks	153,582,459	10%
nhaji01	28,881,942,326	100%
yahuzah	40,893,997,499	100%
rubilu	28,863,179,184	100%
neal.power	28,712,592,359	5%
moremoney28	2,405,947,322	10.05%
jhymi	3,126,115,206	10.05%
sammyhive	2,143,112,965	100%
wondex	5,006,117,408	100%
deepresearch.leo	108,094,194	26%
scraptrader	753,549,339	2%
hivecuratorquest	36,352,085,942	100%